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Cameroon stripped off Afcon 2019 hosting rights – Reports

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Cameroon have been stripped off the rights to host the 2019 Africa Cup of Nations (Afcon).



The hosting of the Afcon was part of the agenda in the Confederation of African Football (Caf) Extraordinary Executive Committee meeting held in Accra, Ghana on November 30.

Two reports that were central to the final decision regarding Cameroon were to be tabled namely; report of inspection visits of the security committee from October 27 to November 1 as well as a report of the inspection visit from November 11-15.

In October, Caf President Ahmad Ahmad visited Yaounde for a meeting with Cameroon President Paul Biya just days after Caf deferred the final decision on the hosting of next year’s Afcon.

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At that time, a report by the last inspection team to Cameroon revealed “a significant delay as far as the delivery of infrastructure is concerned.”

Cameroon’s hosting of African football’s showpiece event has been in jeopardy for months since the decision to increase the tournament from 16 to 24 teams.

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Caf will now give a one month window where countries interested in hosting the tournament will submit their official bids.

Morocco, who unsuccessfully bid for the 2026 Fifa World Cup, are likely to replace Cameroon as hosts. South Africa, hosts of the 2010 World Cup, could also be considered.

This will be the second time in recent times that Caf has stripped a country of hosting rights of a continental tourney. Kenya was declared unfit to host the Africa Nations Championships (Chan) in January this year. Morocco replaced Kenya as hosts.

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-DailyNation

Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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